The Covid-19 pandemic happens to be the perfect reason to splurge on some personal space: a studio or one-bedroom condominium unit. Throughout 2020, not only has rental volume for one-bedroom apartments remained robust in suburban Outside Central Region (OCR) neighbourhoods, sales of completed one-bedder condo units have also largely kept pace with previous year’s figures (777 vs. 743 units for the first three quarters of 2019 and 2020 respectively).
So, this Singles’ Day, we dived into our data to reveal the most popular condos among bachelors and bachelorettes, by looking at rental and sales volumes for one-bedroom units across every condo in Singapore and picking out the winners.
If you’re single and ready to mingle, here’s where you might be able to find company in these popular condos!
Part 1 – Condos with most one-bedroom units rented out in 2020, by region:
Core Central Region (CCR): The Sail @ Marina Bay
Address: 4 Marina Boulevard
Nearest MRT Station: Downtown
Total number of units: 1,111
One-bedroom units rented out from Q1-Q3 2020: 213
Average rent for a one-bedroom unit: $3,372
Why rent here? Ever since The Sail @ Marina Bay was built in the late 2000s, it has been an icon of the Singapore skyline, making it a prestigeous address for bachelors and bachelorettes earning $10,000 and beyond. One-bedroom units here, while pricey in terms of rental, are remarkably spacious and average around 600 square feet.
[See all units for rent at The Sail @ Marina Bay]
Rest of Central Region (RCR): Commonwealth Towers
Address: 232 Commonwealth Avenue
Nearest MRT Station: Commonwealth
Total number of units: 845
One-bedroom units rented out from Q1-Q3 2020: 178
Average rent for a one-bedroom unit: $2,391
Why rent here? Right at the doorstep of Commonwealth MRT station, this recently-completed high-rise condo has equally superb accessibility to the CBD and the regional business centres of Buona Vista and One-North. It’s also styled as an upmarket development, with two large pools part of a full suite of facilities. Higher-floor units—up to 43 storeys—have stunning unblocked views.
[See all units for rent at Commonwealth Towers]
Outside Central Region (OCR): Eco
Address: 283 Bedok South Ave 3
Nearest MRT Station: Tanah Merah
Total number of units: 748
One-bedroom units rented out from Q1-Q3 2020: 166
Average rent for a one-bedroom unit: $2,017
Why rent here? We’ve previously featured this condo as one of the most Instaworthy places to live in Singapore. Picture-perfect facilities and lush landscaping aside, this condo is also within close proximity to Changi Business Park and Changi Airport, which also partly explains its higher than average rent. Tanah Merah MRT station is a seven-minute walk away.
[See all units for rent at Eco]
[Recommended article: The savvy case for buying a 99-year leasehold condo]
Part 2 – Completed condos with most one-bedroom units sold in 2020, by region:
Core Central Region (CCR): Marina One Residences
Address: 23 Marina Way
Nearest MRT Station: Marina Bay
Total number of units: 1,042
Tenure: 99-year leasehold
One-bedroom units sold from Q1-Q3 2020: 77
Average transaction price for a one-bedroom unit: $1.696 million
Why buy here? One of Singapore’s largest city centre integrated developments, Marina One Residences is an trophy address for high-flying singles who wish to also capitalise on upside from future growth of the new downtown. Just ask Romeo Tan.
[See all listed units for sale at Marina One Residences.]
Rest of Central Region (RCR): Sims Urban Oasis
Address: 6 Sims Drive
Nearest MRT Station: Aljunied
Total number of units: 1,024
Tenure: 99-year leasehold
One-bedroom units sold from Q1-Q3 2020: 13
Average transaction price for a one-bedroom unit: $702,145
Why buy here? Bachelors and bachelorettes who live here are a seven-minute walk to Aljunied MRT, which puts them within 15 minutes of Raffles Place in the CBD and 3-minutes of the bustling commercial, business and retail hub at Paya Lebar. Nearby Geylang also serves up a variety of ‘cheap-and-good’ dining options. The condo itself also boasts a mini MBS-style Sky Park, along with facilities including two full 50-metre lap pools. And then there’s the crazy-affordable price tag.
Can afford to wait and want to buy a new launch? Check out the recently-launched Penrose next door.
[See all listed units for sale at Sims Urban Oasis.]
Outside Central Region (OCR): Euhabitat
Address: 212 Jalan Eunos
Nearest MRT Station: Ubi
Total number of units: 748
Tenure: 99-year leasehold
One-bedroom units sold from Q1-Q3 2020: 15
Average transaction price for a one-bedroom unit: $660,600
Why buy here? Completed in 2016, this condo is actually located just outside the RCR, and gives residents reasonably fast access to areas such as the CBD, Paya Lebar and the airport. It’s even better for bachelors and bachelorettes who drive; the PIE is nearby and the KPR and ECP expressways are within a five-minute drive away. Most of all, the condo has a low-rise, resort-like vibe, as well as one-bedroom units with unique loft layouts that many millennial buyers adore.
[See all listed units for sale at Euhabitat.]
Which of these popular condos would you pick for your bachelor/bachelorette pad? Let us know in the comments!
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